Why does the FGA need to obtain mineral rights?
It is important that the FGA be in a position to protect the long-term geologic integrity of the CO2 storage formation. Unless the FGA is able to obtain such mineral rights, the mineral rights owner may have the legal right to drill through the caprock formation and /or through the storage formation(s) in order to develop those mineral resources. For this reason, the FGA must be able to obtain, purchase, or obtain a non-development covenant (an agreement not to develop the mineral resources) for mineral rights directly above, in, and below the proposed injection formation(s) in order to prevent the disruption of the integrity of the injection formation and the primary seal. The FGA will not need to obtain mineral rights in the formations that are closer to the surface (i.e., not immediately above the proposed injection formation). At a minimum, the FGA must be able to obtain mineral rights for the 39-MMT CO2 plume area (see Qualifying Criterion 4.1.2 in the RFP). Sites at which the FGA
Related Questions
- Does a person have any preferential right to obtain a mineral concession for the area over which he has surface rights?
- How can site offerors demonstrate the ability of the FGA to obtain mineral rights (RFP Information Request No. 9(b))?
- When you purchase a house on foreclosure does one obtain all mineral rights or a percentage perctentage?
